HyLife Foods Windom, LLC, has filed for Chapter 11 bankruptcy.
The filing notes that have the company has experienced significant operating losses over the past approximately two years due to factors that include COVID-related disruptions, unfavorable commodity pricing dynamics and unfavorable foreign exchange pricing in connection with international sales. The filing, which was done in Delaware, asks that the Chapter 11 cases of HyLife Foods Windom and affiliates Tritek International and Canwin Farms be administered jointly.
Filing for Chapter 11 allows HyLife Foods Windom to reorganize the business’ affairs, debt and assets. According to the paperwork, the company has between 200-999 creditors and between $100,000,001-$500 million of both assets and liabilities.
Workers were told about the bankruptcy filing in an employee meeting on Thursday afternoon, and to expect buyers touring the plant next week.